L&T Share Price in Focus; Signs 6-Year EPC Framework Agreement with Petroleum Development Oman

Written by: Team Angel OneUpdated on: 31 Jul 2026, 6:17 pm IST
L&T Energy Hydrocarbon Onshore has signed a six-year EPC framework agreement with Petroleum Development Oman for future FEED and EPC projects.
L&T Share Price in Focus
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Larsen & Toubro's (L&T) Energy Hydrocarbon Onshore business has entered into a 6-year Engineering, Procurement and Construction (EPC) Framework Agreement with Petroleum Development Oman (PDO), one of Oman's leading oil and gas companies, as per the exchange filings. 

The agreement expands the long-standing relationship between the two organisations and positions L&T to participate in upcoming engineering and construction opportunities in the country.  

Selected for Future FEED and EPC Projects 

As part of the framework agreement, L&T has been selected as one of four EPC contractors eligible to participate in PDO's future Front-End Engineering Design (FEED) and EPC projects during the six-year period. 

The company said it will leverage its integrated engineering and execution capabilities, global project experience, and innovation to support PDO's future project requirements.  

Focus on Local Capability Development 

L&T said the agreement also aligns with its commitment to support In-Country Value (ICV) development in Oman. 

The company plans to contribute by creating opportunities for local suppliers, subcontractors and service providers while continuing to strengthen local capabilities as projects progress.  

Leadership Highlights Partnership 

E. S. Sathyanarayanan, Senior Vice President & Head of L&T Energy Hydrocarbon Onshore, stated, "This Framework Agreement marks an important milestone in our long-standing association with Petroleum Development Oman. We look forward to supporting PDO's development plans through safe, innovative and sustainable project delivery, while contributing to Oman's long-term energy and economic growth objectives". 

Hydrocarbon EPC Expertise 

L&T Energy Hydrocarbon Onshore delivers integrated Lump Sum Turnkey (LSTK) solutions across the upstream, midstream and downstream hydrocarbon sectors.  

Its global project portfolio includes refinery expansions, petrochemical complexes, gas processing plants, LNG terminals, fertiliser plants, and cross-country pipeline projects.  

Read More: RailTel Corporation of India Share Price Falls Over 3% After Q1 FY27 Earnings Results: Total Income Up 20% YoY! 

L&T Share Price Performance  

As of 31 July 2026, at 10:25 AM, L&T share price was trading at ₹3,937.40 per share, reflecting a decline of 0.0076% from the previous trading session. 

Conclusion 

The six-year framework agreement strengthens L&T's engagement with Petroleum Development Oman and provides an opportunity to participate in future FEED and EPC projects. The partnership also supports local capability development while expanding L&T's presence in Oman's oil and gas sector.  

Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi.  

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jul 31, 2026, 12:46 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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